The five "FAANG" stocks collectively lost more than $1 trillion in market value from recent highs on an intraday basis Tuesday.
The stocks — Facebook, Amazon, Apple, Netflix and Google-parent Alphabet — all began Tuesday trading lower. Apple led the group's losses, falling 4.8 percent. The four other stocks later turned around, with Facebook and Alphabet ending the day higher.
Combined market capitalization losses since their 52-week highs hit $1.02 trillion on Tuesday:
- Facebook: $253 billion
- Amazon: $280 billion
- Apple: $253 billion
- Netflix: $67 billion
- Alphabet: $164 billion